Balance Reporting

Balance Reporting

Real time reports, usually to a corporation, of changes to the balance in its bank account. A bank issues balance reports so the corporation can manage its cash flows more effectively. Formerly, balance reporting was done daily, but companies are increasingly able to check their balances online at any time.
References in periodicals archive ?
CHICAGO -- Northern Trust announced today it has launched Collateral Balance Reporting, an automated solution that allows custody clients to monitor the amount, location and status of collateral, including counterparty exposures, on a global basis.
The balance reporting weaker activity in May was 14%, although this improved from last month's 2 1/2 -year high of 26%.
An Invitation to Comment was issued recently by the Governmental Accounting Standards Board to seek constituent comments and perspectives on issues currently being addressed in the board's project on fund balance reporting and governmental fund type definitions.
Mellon Enterprise Cash Management, a premier private label provider of cash management outsourcing solutions for financial institutions, today announced expanded capabilities for EnternetBank, its Web-based balance reporting and transaction initiation service.
The GASB developed Statement 54 to address the diversity of practice and the resulting lack of consistency that had evolved in fund balance reporting.
The Internet version of ECMS, Enterprise's balance reporting and transaction initiation system, allows banks to brand the product with their own logos and bank-specific information for their customers.
The Governmental Accounting Standards Board (GASB) will hold two public hearings next month as part of the public review of proposals in connection with its projects on fund balance reporting and service efforts and accomplishments (SEA) reporting.
The Internet version of ECMS, Enterprise's balance reporting and transaction initiation system, will allow banks to brand the product with their own logos and bankspecific information for their customers.
Other features include: balance reporting from previous and current day, information reporting, automated invoicing, cash concentration and disbursement, cross-border payments and more.
ATLANTA, April 13 /PRNewswire/ -- NDC eCommerce today announced the addition of ACH origination and balance reporting modules to iGlobal Banker, an Internet banking solution that enables financial institutions to deliver products and services to retail and commercial customers.
And features such as account reconciliation, check images, book transfers and balance reporting provide commercial customers with the ability to view and manage their cash positions anytime, anywhere.
Through STN Money Markets, investors can view offering information and execute trades electronically, and benefit from fully integrated balance reporting across all available investment types.